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Burset suggests a possible way out of the current situation, with Spanish prices at 1.30 or even 1.40 €/kg live. Want to know when this is coming?

A year unlike any other is coming to an end. Our analyst Guillem Burset takes a look and makes some forecasts for 2022.

A strike of this magnitude would sink the pig price to historic lows.

Pork production in China has recovered rapidly, as illustrated by the sharp drop in prices in the first half of 2021.

Historic production figures and market performance from the main pork-producing countries in Latin America have shown consistent growth over the last decade.

The fall in exports to China, the disruption of COVID, PRRS, and the threat of ASF are reducing the pig herd in the US, which should ensure profitability.

Guillem Burset predicts when the Spanish pig price will bottom out, and even dares to give us a number!

Spain's production has grown 90% in 32 years, from slaughtering 29 million head of pigs in 1989 to slaughtering more than 56 million in 2021. Explosive growth no matter how you look at it.

September will show in all its harshness the precariousness of the present moment: pigs will arrive for slaughter in droves and it remains to be seen whether slaughterhouses will be willing to process those pigs whose pork they cannot sell.

We are so unmoored from “normal” that it makes sense to situate the current pork industry within the current macro environment.

Virtually absent pork exports to China and poor demand in the EU lead to a 17% drop in Spanish price in 7 weeks, and it will keep dropping.

For the first time in 20 years, Spanish prices fell in June. We are in an extremely exceptional situation that must be corrected as soon as possible.

The pig price in Spain is the most expensive in Europe and Burset predicts that it is very close to the upper limit. China is decreasing imports, buying at cheaper prices, and therefore, is absent in the Spanish market.

Pig market: Unbridled in Spain, unsettled in Europe, and with question marks in China. Pork market: rock bottom in Europe.

The price of pork continues to rise and Burset makes a prediction for June. It all seems to be good news for producers and slaughterhouses but the processing industry is in for a storm.

It seems that the deficit in China will last all year and the flow of exports from Spain to this large Asian country will not let up...